Looking to diversify beyond ERET? The ETFs below have the lowest correlation with ERET — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ERET.
Best Diversifiers for ERET
717 ETFs have low correlation with ERET (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, down from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.32 | — | 75 | Leveraged Currency | ERET vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.08 | — | 72 | Oil & Gas | ERET vs UGA | |
| Direxion Daily MU Bull 2X Shares | -0.21 | -0.21 | -0.21 | 99 | Leveraged Equities, Semiconductors | ERET vs MUU | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.02 | 0.06 | 51 | Commodities | ERET vs PDBC | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.15 | — | — | 60 | Inverse Equities, Leveraged Equities | ERET vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERET and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.55, roughly unchanged from 0.59 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.55 | 0.59 | — | 92 | Real Estate | |
| EPR Properties | 0.56 | 0.64 | — | 52 | Real Estate |
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